Search
-
The case for a general government balance sheet
Agorathe assets, liabilities, and net worth of the general government in percent of GDP. We can make the following remarks: Net worth is negative in Greece and the Euro Area; a private entity (company or household) could not survive for long with these numbers. Net worth for Greece at -120 percent
16% -
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomy0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday. The net lending flow turned negative for the first time since February with net deductions standing at 395 million... January, when net deductions reached 885 million. The negative flow in May reflects net deductions
16% -
C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomy. The year to date net flow widened accordingly to 5.6 billion from 310 million at the end of the first... negative impact on trade deficit evolution was the higher net payments for ships’ purchases. If the latter... contributor to 4-month trade deficit was higher net payments for ships’ purchases offsetting a decline
15% -
H1 bank results show performance stabilising, laying ground for further improvement
EconomyBanking. National Bank of Greece (NBG) had the strongest profitability, net profits from continued operations came to 253 million euros compared to 48 million euros for H1 2018. Alpha Bank showed net profits... net results of 32 million euros in the period compared to a loss of 58 million euros for H1 last year
14% -
Greece's C/A deficit for March drops sharply to 44.4 mln
EconomyMacroeconomythat the lower trade deficit is attributed to a decline in the net oil import bill and an improvement.... The latter arises from higher net payments for purchases of ships offsetting lower net oil import bill. Higher services surplus is attributed to increased net receipts primarily from the transport
14% -
S&P highlights risks for Greek banking sector
Economy-performing exposures (NPEs) reached 46 percent of gross loans at the end of 2015. It forecasts net NPE... for the implementation of unpopular reforms raises the possibility of another bout of political instability
14% -
Has external competitiveness been fixed in Greece?
Agorastimulus (e.g., like a peppy engine). If – by contrast – it takes a huge deficit (and debt) or very... (accumulation of net assets abroad through FDI), and moderate external debt. If an economy... Facility (RFF) can provide a major stimulus for Greece to continue implementing this adjustment
13% -
Where is Greek growth coming from?
Agorastimulus worked to avoid a new depression. Looking at the far right-hand side of this picture..., in any event, does not have fiscal space and is phasing out some last remnants of fiscal stimulus..., interesting. The fiscal accounts are being adjusted/tightened by increasing indirect taxes net
13% -
Budget primary surplus at 5.36 bln in 10-month, exceeding target on lower expenditure
EconomyMacroeconomycame to 33.26 billion euros, 1.87 billion euros below the target. Net revenues came to 39.27 billion... for a seventh consecutive month to stand at 812 million, declining from September’s figure of 999 million... have exceeded the full year target by 35 percent. Overall, net revenues amounted to 39.27 billion euros
13% -
Budget primary surplus at 3.07 bln in Mar on back of 2022 tax collections, underspend
EconomyMacroeconomybudget, came to 11.81 billion euros. Net revenues came to 16.83 billion euros. The budget balance up.... The overall balance is better than the target by 2.81 billion euros. Revenues Net revenues... by 1.51 billion euros, while transfers were up by 812 million euros. This overperformance is due
13%